Refer to the Following Indifference Map for a Consumer Who

question 63

Multiple Choice

Refer to the following indifference map for a consumer who has an income of $48 to spend on goods X and Y and the market prices of X and Y are both equal to $4:

-In order to maximize utility subject to her budget constraint, this consumer should buy how many units of good X?

• A) 0
• B) 4
• C) 6
• D) 8
• E) 12

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Definitions:

Moistening

The process of making something slightly wet or damp.

Filtering Out Dust

The process of removing dust particles from air or liquids, typically using a physical barrier or filtration system.

Oxygen

A chemical element with the symbol O, essential for cellular respiration in most living organisms and a major component of Earth's atmosphere.

Capillary Walls

The thin, permeable barriers of capillary blood vessels that facilitate the exchange of water, oxygen, carbon dioxide, and other nutrients and wastes between blood and tissues.